Cryptocurrency trading is a widespread way of making money online. It may be short-term investments and trading or buying coins and holding them for many weeks or months. Crypto platforms offer many different tools for trading and long-term investments:
- spot market;
- p2p exchange;
- staking crypto;
- margin;
- futures trading.
Futures are well-known in the traditional market – people conduct futures contracts on oil, gas, precious metals, etc. The essence is to agree on buying or selling a commodity for a pre-agreed price on a pre-determined day. What are futures in crypto? By analogy with the traditional financial market, trading digital coins also imply such a method as futures.
Crypto futures trading is making a derivative contract for purchasing or selling digital assets on some exact day in the future and at a pre-determined price.
Two main components of futures in crypto:
- Leverage – a trader can borrow funds on a crypto trading platform to multiply his initial investments and receive a bigger return as a result. That is, having $100, you can increase your position X10, X20, etc. Funds can be borrowed from an exchange platform or from other users.
- Liquidity. Pick high-liquidity crypto assets for futures trading, such as BTC and ETH. Such coins are always in demand.
Best Futures Trading Platform for Beginners
We recommend using the WhiteBIT crypto platform, for it offers the most convenient interface and all-in-one service. On WhiteBIT, you will find all the needed crypto charts for price analysis, all the necessary tools for trading, a fast and user-friendly interface, and low fees. The platform offers perpetual futures contracts without an expiration date, and the funding comes from the WhiteBIT reserves. To know more about how this method works, visit the WhiteBIT blog. It offers a step-by-step guide on trading for beginners and long-read articles on popular crypto coins and promising projects emerging in the market.
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